hitachi could invest more but they would be smart to let the stock grind lower to get a better price. CLBS has no credibility with large institutional investors so a private company investment is the only prayer. and this would likely come at a painful discount.
unfortunately, it is not that simple and these are not independent companies. if CLBS fails to make due on their debt convenants or runs out of cash, PCT is an asset that is up for grabs by creditors. CLBS controls all the cash so when it runs out of money, PCT will cease operating. and when CLBS is forced to dilute to raise cash, PCT will be diluted as well.
CLBS has about 8 months of cash left. there is a major problem coming and existing CLBS share holders are going to be hyper diluted or wiped out.
i think you should reread the press release. operating cash burn and capital expense on PCT expansion are distinct items. (capital expense and operating expense are always distinct). the fact that the company described their cash burn in this unorthodox way is intentionally confusing and should be a red flag for any investor.